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The concept of venture capital fund in the Far Eastern Federal District will be developed in just a month - EastRussia | Far East

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The concept of venture capital fund in the Far Eastern Federal District will be developed in just a month

The concept of venture capital fund in the Far Eastern Federal District will be developed in just a month
Photo: pixabay.com

The concept of venture capital fund for the Far East will be ready in a month. This was promised by Deputy Prime Minister Yury Trutnev, summing up the results of the Eastern Economic Forum held in Vladivostok.

“We will have to think a lot in order to create a venture fund. And not only in terms of source of funding. The logic of the fund’s work is in itself, because we need a real working venture fund, we need a venture fund that will really support startups, ”said Yuri Trutnev.

Without the creation of a venture capital fund, high technologies in the Far East cannot be “raised” by the Deputy Prime Minister. Sentence create a special fund to support technology startups, it was announced the day before by Russian President Vladimir Putin at the WEF-2019 plenary session.